CommScope

CommScope
Public
Traded as NASDAQ: COMM
Industry Telecommunications
Founded 1976
Founder Frank M. Drendel
Headquarters 1100 CommScope Place SE Hickory, North Carolina 28603, United States
Brands SYSTIMAX, Uniprise
Decrease US$ 181 million (2015)[1]
Decrease US$ (71) million (2015)[1]
Number of employees
 25,000[2]
Website www.commscope.com
CommScope booth at the Mobile World Congress 2012 in Barcelona

CommScope Inc. is a multinational telecommunications company based in Hickory, North Carolina, United States, since its founding in 1976. CommScope is a 1997 spin-off of General Instrument and now has over 15,000 employees worldwide, with customers in over 130 countries.

CommScope manufactures SYSTIMAX and Uniprise brands of Enterprise infrastructure of copper Unshielded Twisted Pair cabling, connector panels, jacks and fiber optic cabling, connector panels, racking and metals. CommScope also manufactures environmentally secure cabinets for FTTN and DSL applications.

On October 25, 2010, The Carlyle Group announced it would pay $31.50 a share, or about $2.98 billion, to take CommScope private.[3]

In July 2011, CommScope received the 2010 Communications Solutions Product of the Year Award from Technology Marketing Corporation for its product, Wired For Wireless.[4]

On August 2, 2013, CommScope filed with the SEC to raise up to $750 million in an initial public offering.

Acquisitions

In 2004 the company acquired Avaya's Connectivity Solutions business, and in 2007 acquired Andrew Corporation, for a total of 15,000 employees worldwide. The Avaya business acquisition included the legacy intellectual property and patents from Western Electric, AT&T, Lucent Technologies and Avaya. Also in January 2008 CommScope acquired Andrew Corp, a leader in wireless infrastructure and equipment. Andrew's products include antennas, cables, amplifiers, repeaters, transceivers, as well as software and training for the broadband and cellular industries.

In January 2015, CommScope agreed to purchase a unit of TE Connectivity for $3 billion. The transaction is expected to close before the end of 2015.[5]

In October 2015, CommScope acquired Airvana,[6] a manufacturer of small cells and femtocells.

Board of directors

Frank M. Drendel is the Chairman of the Board for CommScope. The other members of the board are Marvin S. Edwards (also the CEO of CommScope), Austin A. Adams, Campbell R. Dyer, Stephen Gray, L. William Krause, Joanne M. Maguire, Thomas J. Manning, Claudius E. Watts, and Timothy T. Yates.[7]

References

  1. 1 2 "Form 10-K CommScope Holding Company, Inc.". Securities and Exchange Commission. Retrieved 20 August 2016.
  2. ↑ "Investor Relations". CommScope. Retrieved 2014-06-27.
  3. ↑ "CommScope in talks with Carlyle on $2.98B buyout". News & Record. Associated Press. 2010-10-25. Retrieved 2010-10-26.
  4. ↑ "CommScope Receives 2010 Communications Solutions Product of the Year Award | EON: Enhanced Online News". eon.businesswire.com. 2011. Retrieved 9 August 2011.
  5. ↑ "CommScope to Buy TE Connectivity Unit for $3 Billion". New York Times. Retrieved 2015-02-02.
  6. ↑ Goldstein, Phil (8 September 2015). "CommScope nabs small cell vendor Airvana with an eye on C-RAN deployments". Fierce Wireless. FierceMarkets. Retrieved 13 November 2015.
  7. ↑ "CommScope Holding Co Inc". Morningstar. Retrieved 20 August 2016.

External links


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